Elevation Mining has seen steady growth over the past several years and demand is expected to rise in the coming years. Management knows that they must have competitive solutions to transport their commodities from mines to railways, ports, ships, and their destination markets. The company is looking to develop solutions that increase supply chain efficiency and accountability. They have decided to set aside $$3,000,000$ to fund the expansion and improvement of their logistical services.

Management has developed two different options for expansion over the next four years. The first option would require equal amounts of $$800,000$ to be available at the end of each of the next four years. The second option would require $$400,000$ now, $$850,000$ one year from now, $$900,000$ three years from now and $$1,000,000$ four years from now.